Ep. 266 Does Government Debt Benefit Society?
Bob takes a David Andolfatto tweet to explain why it’s wrong to think that issuing US Treasuries somehow creates social benefits. Then he rehashes a conversation with Peter St. Onge about whether we should care if the central bank goes bankrupt.
Mentioned in the Episode and Other Links of Interest:
- David Andolfatto on inflation and government debt.
- Bob interviews Andolfatto in episode 175.
- Robert Barro’s famous 1974 paper on government bonds.
- Bob talking with Peter St. Onge on the Human Action podcast.
- Bob’s 3-part series on the social function of a) stock speculators, b) futures contracts, and c) call and put options.
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
About the author, Robert
Christian and economist, Chief Economist at infineo, and Senior Fellow with the Mises Institute.